
Excellent Wires and Packaging Limited
listed
₹1.44LMin. investment
About Excellent Wires and Packaging Limited
Issue size
₹12.6Cr
IPO type
SME
Price range
₹90.00 – ₹90.00
Lot size
1600 shares
Price range₹90.00 – ₹90.00
IPO type
SME
Lot size1600 shares
Issue size₹12.6Cr
Checklist
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
About Excellent Wires and Packaging Limited
Excellent Wires and Packaging Limited, originally established as Perfect Wire Industries in April 2012, has emerged as a distinguished manufacturer specializing in a wide range of wire products. With an extensive portfolio that includes Spring Steel Wire, High Carbon Wire, Galvanised Wire, and many others, the company has built a reputation for delivering high-quality wire solutions under the brand name "Excellent." In March 2021, the firm transitioned into a corporate entity, streamlining its operations and enhancing its ability to cater to diverse industries such as packaging, engineering, stationery, and imitation jewelry. The company’s commitment to quality is evident in its rigorous testing procedures at every stage of production, ensuring that products meet stringent standards.
Operational Excellence
To optimize its operations, Excellent Wires and Packaging Limited strategically relocated its production facilities. Initially leasing a property in Panvel with an installed capacity of 360 MTPA to expand into brass wire production, the company faced operational challenges managing multiple sites. Consequently, the firm vacated the Panvel property in April 2024 and moved to a new, more cost-effective location adjacent to its original unit in Palghar. This relocation not only reduced rental expenses but also allowed for more streamlined operations and continued growth in the company’s product lines.
Quality Assurance
Quality assurance is a cornerstone of Excellent Wires and Packaging Limited’s manufacturing process. From the careful selection of raw materials to the final packing and dispatch of products, the company maintains stringent quality control measures. Raw materials undergo comprehensive testing both in-house and through NABL accredited external labs to ensure adherence to specified standards. Throughout the manufacturing process, regular in-house tests and batch-based evaluations are conducted to uphold product excellence. This meticulous approach guarantees that every product delivered to customers meets the highest quality standards.
Product Range
Excellent Wires and Packaging Limited offers a broad spectrum of products across three main categories: Brass Wires & Products, Steel Wires & Products, and Packaging Products. This diverse product range caters to various industry needs, from engineering and packaging to stationery and imitation jewelry. The company’s dedication to innovation and quality ensures that its products not only meet but exceed customer expectations, positioning Excellent Wires and Packaging Limited as a leading player in the wire manufacturing and packaging sector.
Excellent Wires and Packaging Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- Acquisition of Land and construction of Building.
- Acquisition of Plant & Machineries.
- Funding additional Working capital requirements.
- General Corporate Purposes.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Excellent Wires and Packaging Limited ?
The issue size of the Excellent Wires and Packaging Limited is 12.6 Cr.
What is 'pre-apply' for Excellent Wires and Packaging Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Excellent Wires and Packaging Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts11 Sep 2024
- Bidding ends13 Sep 2024
- Allotment finalisation13 Sep 2024
- Release of funds17 Sep 2024
- Demat transfer16 Sep 2024
- Listing19 Sep 2024